Nevada Sunrise Produces Lithium Carbonate in Metallurgical Testing, Gemini Lithium Project, Nevada
Nevada Sunrise Produces Lithium Carbonate
in Metallurgical Testing, Gemini Lithium
Project, Nevada
VANCOUVER, BC
,
July 31, 2023
/CNW/ -
Nevada Sunrise Metals Corp.
("Nevada Sunrise", or the
"Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce further results of metallurgical
testing carried out on lithium mineralization from its 100%-owned Gemini Lithium Project ("Gemini")
located in the Lida Valley basin in
Esmeralda County, Nevada
. A substantially pure sample of lithium
carbonate equivalent ("LCE") was produced from the leach solutions that realized a 90.2% lithium
recovery rate reported by the Company in
June 2023
(see Nevada Sunrise news release dated
June 5, 2023
).
Highlights of Gemini Metallurgical Testing
A novel method of small-scale column testing achieved a 90.2% lithium extraction rate under the
direction of
Willem Duyvesteyn
, of Extractive Metallurgy Consultancy LLC, based in
Reno,
Nevada
. Mr. Duyvesteyn utilized the facilities of McClelland Laboratories Inc. ("McClelland") in
Sparks, Nevada
for the metallurgical tests.
From the leach solution provided by the initial extraction, McClelland produced an LCE sample
that was near-100% lithium carbonate (Li
2
CO
3
);
Subsequent X-ray diffraction analysis ("XRD") matched the standard pattern of lithium
carbonate (see Gemini LCE XRD profile comparison to recognized Li
2
CO
3
XRD profile below
1
).
LCE Sample and XRD profile produced from Gemini Mineralization (CNW Group/Nevada Sunrise
Metals Corporation)
1
L
ithium carbonate precipitation by homogeneous and heterogeneous reactive crystallization, (Han, Bing; Anwar Ul Haq, Rana; Louhi-Kultanen, Marjatta, 2020)
"The production of a high-quality LCE sample at this early stage in our project timeline bodes well for
Gemini," said
Warren Stanyer
, President and CEO of Nevada Sunrise. "The positive results of our
first-pass metallurgical work will provide valuable information for the upcoming engineering studies
on the viability of the Gemini Project."
About the 2022-2023 Gemini Drilling Program
In March and
April 2022
, Nevada Sunrise drilled two RC boreholes for a total of 2,020 feet (615.85
metres) in its maiden drilling program at Gemini. The drill sites were located within a defined gravity
low that hosts conductive layers detected by historical ground electromagnetic surveys. The results
from the first two holes at Gemini represented a new discovery of lithium mineralization in the
western Lida Valley, which was not historically drill tested for lithium (see Nevada Sunrise news
release dated
May 18, 2022
). In
July 2022
, Nevada Sunrise received a permit for an expanded
drilling area from the Bureau of Land Management and began Phase 2 drilling at Gemini in
October
2022
. Three additional boreholes were completed from
October 2022
to
April 2023
, with each
intersecting lithium mineralization (see Nevada Sunrise news release dated
May 24, 2023
).
Nevada Sunrise believes that the southern and western parts of the Gemini basin are highly
prospective for additional lithium mineralization and that further drilling could eventually define a large
lithium resource. The Company has engaged ABH Engineering Inc. of
Surrey, BC
,
Canada
to
calculate a National Instrument 43-101-compliant resource estimate leading to a Preliminary
Economic Assessment of the lithium-bearing zones at Gemini.
The 90.2% lithium extraction rate achieved from the Gemini mineralization compares favourably with
the average lithium extraction of 84% reported by Lithium Americas at its
Thacker Pass
lithium
project (
Source: Feasibility Study, National Instrument 43-101 Technical Report for the Thacker
Pass Project,
Humboldt County, Nevada
, USA, by Roth, D., et al, dated
November 2, 2022
.) As
follow-up to the successful outcome of this small-scale column testing, Mr. Duyvesteyn has designed
a larger scale test involving 50 kilograms of Gemini clay mineralization, which began in late
May
2023
. The larger test will employ selected higher-grade mineralization averaging approximately
2,000 ppm lithium.
For further information on Gemini, including maps and photos
click here
About Gemini
Gemini consists of 582 unpatented placer and lode claims located in the western Lida Valley,
Esmeralda County
, approximately 6 miles (10 kilometres) east of the town of Lida,
Nevada
. The
Lida Valley is a flat, arid basin with a similar geological setting to the better-known
Clayton Valley
basin where Albemarle Corporation operates the Silver Peak lithium brine mine, which has operated
continuously since 1966.
Gemini is situated adjacent to the Gold Point Solar Energy Zone, a BLM land reserve set aside for
solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the
Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of
lithium projects in
Nevada
.
Sampling and Analytical QA/QC and Statement of Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by
Willem Duyvesteyn
, M.Sc., who is a Qualified Person for Nevada Sunrise as defined in
National Instrument 43-101 –
Standards of Disclosure
for Mineral Projects
. XRD analysis was
performed by The Mineral Lab, of
Golden, CO.
About Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in
Vancouver, BC
,
Canada
, that holds interests in lithium, gold, and copper exploration projects located
in the
State of Nevada, USA
.
Nevada Sunrise owns 100% interests in the Gemini,
Jackson Wash
and Badlands lithium projects,
with no applicable royalties, all of which are located in the Lida Valley in
Esmeralda County, NV.
The
Company owns Nevada water right Permit 86863, also located in the Lida Valley basin, near
Lida, NV.
The Company's key gold asset is a 20.01% interest in a joint venture at the Kinsley Mountain Gold
Project near
Wendover, NV
with CopAur Minerals Inc. Kinsley Mountain is a Carlin-style gold project
hosting a National Instrument 43-101 compliant gold resource consisting of
418,000 indicated
ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold
averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au
1
.
The Company has elected not to contribute to the 2023 exploration program at Kinsley Mountain and
expects to incur dilution of its participating interest in the joint venture to an approximate 19.0%
interest.
Nevada Sunrise has the right to earn a 100% interest in the
Coronado
VMS Project, located
approximately 48 kilometers (30 miles) southeast of
Winnemucca
, NV. The Company owns a 15%
interest in the historic
Lovelock
Cobalt Mine and the Treasure Box copper properties, each located
approximately 150 kilometers (100 miles) east of
Reno, NV
with Global Energy Metals Corp.
("
GEMC
") holding an 85% participating interest. A transaction is in progress for
GEMC
to own a
100% interest, scheduled to close on or before
June 30, 2023
.
1
Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and
Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR (
www.sedar.com
).
FORWARD LOOKING STATEMENTS
This release may contain forward
–
looking statements. Forward looking statements are statements
that are not historical facts and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and
include disclosure of anticipated exploration activities. Although the Company believes the
expectations expressed in such forward
–
looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may
differ materially from those in forward looking statements. Forward
–
looking statements are based
on the beliefs, estimates and opinions of the Company's management on the date such statements
were made. The Company expressly disclaims any intention or obligation to update or revise any
forward
–
looking statements whether as a result of new information, future events or otherwise.
Such factors include, among others, risks related to the results and outcomes of the Company's
2022-2023 exploration activities and future plans at the Gemini Lithium Project; reliance on
technical information provided by third parties on any of our exploration properties; changes in
project parameters as plans continue to be refined; current economic conditions; future prices of
commodities; possible variations in grade or metallurgical recovery rates; failure of equipment or
processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and
other risks of the mining industry; delays due to pandemic; delays in obtaining governmental
approvals, financing or in the completion of exploration, as well as those factors discussed in the
section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six
Months ending
March 31, 2023
, which is available under Company's SEDAR profile at
www.sedar.com
.
Although Nevada Sunrise has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward-looking information,
there may be other factors that cause actions, events or results not to be as anticipated, estimated
or intended. There can be no assurance that such information will prove to be accurate as actual
results and future events could differ materially from those anticipated in such statements. Nevada
Sunrise disclaims any intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise. Accordingly, readers should not
place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE
Nevada Sunrise Metals Corporation
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For further information:
Warren Stanyer, President and Chief Executive Officer, email:
[email protected], Telephone: (604) 428-8028 or Jason Powell, Corporate
Communications, email: [email protected], Telephone: (604) 779-6497, Website:
www.nevadasunrise.ca
CO: Nevada Sunrise Metals Corporation
CNW 07:30e 31-JUL-23